All but two of 60 economists in a Reuters poll predicted the repo rate would be kept on hold at its lowest level since November 2010.
ANJALI VERMA, ECONOMIST, PHILLIPCAPITAL INDIA, MUMBAI
"The policy decision is in line with our expectation along with the hawkishness that is built into the statement. While we retain status quo from RBI for FY19, a risk to our call may come from higher inflation."
ADITI NAYAR, PRINCIPAL ECONOMIST, ICRA LIMITED, GURUGRAM
"As anticipated, the last planned review for FY2018 saw the Monetary Policy Committee (MPC) leaving the repo rate unchanged at 6 per cent. Moreover, it retained the neutral stance of monetary policy and reiterated its commitment toward achieving the medium term inflation target of 4 per cent."
RADHIKA RAO, GROUP ECONOMIST, DBS, SINGAPORE
"The central bank's stance was largely along expected lines, reflected in a relatively muted response in the bond and equity markets. The stance is tilted slightly towards hawkish, with headline inflation seen above target in FY19."
"They remain optimistic on growth, expecting FY19 to head back toward 7 per cent. The guidance is likely to remain data-dependent, with a shift to tighten rates requiring further evidence in a built-up in inflationary pressures."
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